Financial Insights That Matter The Polish police detained a Russian citizen linked to the now-collapsed WEX exchange for alleged fraud and money laundering. US authorities solicited his extradition for his crypto-related crimes and currently await the completion of the extradition process. WEX’s ‘Crypto King’ Detained In Poland On Friday, local media outlets reported that Polish […]
Financial Insights That Matter Justin Sun Offers To Buy Germany’s Remaining $2.3B in Bitcoin to Stabilize Market Tron founder Justin Sun has proposed purchasing the remaining $2.3 billion worth of Bitcoin seized by the German government. This offer comes amid a series of significant Bitcoin transfers by Germany to exchanges in a bid to offload […]
Financial Insights That Matter Canada’s unemployment rate is at its highest since May of 2017, excluding the pandemic. (Credit: AP Photo/Lynne Sladky) Canada’s unemployment rate rose to 6.6 per cent in August, with 1.5 million Canadians unemployed last month, Statistics Canada said Friday. Compared to August of last year, there were 272,000 more unemployed, with […]
Financial Insights That Matter TORONTO (Reuters) – Canadian economic activity contracted for the first time in 13 months in August as employment growth slowed and price pressures heated up, Ivey Purchasing Managers Index data showed on Friday. The seasonally adjusted index fell to 48.2 from 57.6 in July. It was the first time since July […]
Financial Insights That Matter It’s not the country of Germany that’s been selling millions of dollars worth of bitcoin, but a small German state called Saxony. The state confiscated almost 50,000 BTC in January and has been selling its holdings as per standard practice for assets seized during criminal investigations, an expert said. For days, […]
Financial Insights That Matter CUPERTINO, Calif. (AP) — Apple on Monday charged into the artificial intelligence craze with a new iPhone lineup that marks the company’s latest attempt to latch onto a technology trend and transform it into a cultural phenomenon. The four different iPhone 16 models will all come equipped with special chips needed […]
Financial Insights That Matter On Thursday (5 December), the president-elect confirmed rumours that he was eyeing a cryptocurrency enthusiast for the role of chair of the US Securities and Exchange Commission (SEC), sending bitcoin skyrocketing to above $100,000 for the first time in its history. Bitcoin hits record high as Trump picks crypto enthusiast Paul […]
Cash News Cash-back fans who are willing to strategize their regular spending can get a big annual return from the Chase Freedom Flex®*. In fact, using 2023’s rewards categories, we estimate that the average American can earn upwards of $400 cash back with this no-annual-fee card each year, based on consumer spending data from the […]
Financial Insights That Matter Germany Sells Off Final Bitcoin Reserves From Initial $3B Worth of Holdings The German government completed the sale of its remaining Bitcoin holdings on July 12. The final transaction involved 3,846 Bitcoin, valued at around $62,604 per Bitcoin, which were sent to “Flow Traders and 139Po,” entities likely to institutional deposit/OTC […]
Financial Insights That Matter By Divya Rajagopal TORONTO (Reuters) – Electric vehicle battery maker Northvolt is moving ahead with plans to open a C$7 billion battery plant in Canada but at a slower pace in light of its announcement on Monday it would review spending plans and mull job cuts. Construction work at the Swedish […]